Stock Market & Financial Investment News

Starbucks could eclipse McDonald's in market value in a few years, Barron's saysBy the time the current bull market ends, McDonald's (MCD) may no longer be America's largest restaurant by market capitalization, as Starbucks (SBUX) could eclipse it, Barron's reports. Reference Link

Piper bumps Starbucks price target up to $107Piper Jaffray raised its price target for shares of Starbucks to $107 from $102 saying it has increased conviction in the achievability of its estimates over the next five years after traveling with management. Piper remains confident in its prediction that Starbucks will double earnings and reach a $100B-plus market capitalization in less than five years. It reiterates an Overweight rating on the stock.

McDonald's under pressure to raise hourly pay as Wal-Mart sets bar, Reuters saysAccording to labor experts McDonald's (MCD) and its franchisees may be under pressure to raise hourly wages as the improved economic landscape increases competition for good workers and as retailer Wal-Mart (WMT) raises its hourly pay, says Reuters. Reference Link

Starbucks announces launch of coffee delivery serviceStarbucks announced the launch of its fresh delivery subscription service. It stated, "Available in monthly increments, Starbucks Reserve Roastery Subscriptions will allow customers access to unique, small-lot coffees only available at the Roastery or through the subscription. Designed to provide the highest quality coffee immediately after roasting, these fresh delivery subscriptions ensure customers receive their coffee within three to five days of being roasted, depending on location in the U.S." A one month subscription costs $24 while an annual subscription costs $288.